Common use of Concurrent Private Placement Clause in Contracts

Concurrent Private Placement. Concurrent with closing of the Offer, the Corporation will issue 7,775,000 Subscription Receipts at a price of $51.45 per Subscription Receipt to Caisse de dépôt et placement du Québec on a private placement basis (the “Concurrent Private Placement”). The Subscription Receipts sold pursuant to the Concurrent Private Placement will be subject to a statutory hold period of four months from the closing date. The closing of the Concurrent Private Placement is scheduled to occur on the closing date of the Offer and is subject to a number of conditions. The closing of the Offer is conditional on the concurrent closing of the Concurrent Private Placement.